KENYAN AUTHORITIES ARREST SUSPECT IN $431K USDT GOLD SCAM Police in Kenya have arrested the alleged mastermind behind a fake gold scheme that reportedly stole $431,000 in USDT from an American investor.

Kenya arrests accused ringleader in $431K USDT gold scam targeting US investor. DCI also nabs launderer in $217K gold fraud, both tied to elaborate contract schemes.

North America’s largest Bitcoin ATM operator has filed for bankruptcy. Bitcoin Depot, North America’s largest Bitcoin ATM operator, has filed for Chapter 11 bankruptcy and will gradually shut down its more than 9,000 machines worldwide. The company’s CEO cited changing regulatory conditions as making the business model unsustainable, with increasing compliance obligations across states and some jurisdictions directly restricting or banning Bitcoin ATM operations. First-quarter revenue fell 49.2% year-over-year, resulting in a net loss of $9.5 million, compared to a net profit of $12.2 million during the same period last year. In April, the company also suffered a security breach, losing approximately $3.7 million.

Bitcoin Depot's Chapter 11 filing highlights the severe impact of regulatory pressures on the crypto ATM landscape. Once North America’s largest operator, it now grapples with plummeting revenues and lawsuits over fraud prevention measures. As compliance burdens increase, this could signal tough times ahead for similar businesses. The tightening regulations not only hurt revenues but also challenge operational viability across the board. Investors should keep an eye on how this evolves, especially with #Bitcoin ATMs becoming a focal point for both regulators and scams. $BTM is a stark reminder of the risks within this sector. #Crypto

ALLEGED FORSAGE CO-FOUNDER EXTRADITED FROM THAILAND PLEADS NOT GUILTY IN $340M PONZI CASE

Your bank files a SAR if you withdraw $3k cash. Not convicted of anything, just... noticed. We built a financial panopticon and called it compliance.

Bhutan released a statement saying they don’t remember the last time they sold Bitcoin. Meanwhile, blockchain data shows roughly $1 billion withdrawn from wallets attributed to Bhutan since July 2025. Bhutan: “We don’t remember the last time we sold BTC.” Blockchain: “I have the receipts.” This might be the funniest fact-vs-statement standoff in crypto this year. A sovereign government versus an immutable ledger. The ledger does not forget. Governments apparently sometimes do.